If you’re an investor or gold lover in Chile, you must know the latest gold prices. Right now, gold costs 2,590,957 Chilean pesos per ounce. This is a bit higher than 2,590,408 Chilean pesos per ounce on December 2, 2024. Gold prices in Chile change often because of global and local market factors.
The spot price of gold in Chile changes every minute. It’s based on what’s happening in the world and local markets. This means you always get the most current gold price info. It helps you make smart choices when investing.
Key Takeaways
- The current gold price in Chile is 2,590,957 Chilean pesos per ounce.
- Gold prices in Chile are constantly changing based on global and local market forces.
- The spot price of gold in Chile is updated every minute to reflect the latest market conditions.
- Staying informed about the latest gold price movements in Chile is crucial for investors and enthusiasts.
- Understanding the factors that influence the gold market in Chile can help you make more informed investment decisions.
Current Gold Market Trends in Chile
The cost of gold in Chile is very interesting to investors and buyers. The spot gold rate in Chile is 2,591,224.91 Chilean Pesos (CLP) per ounce. This shows a daily price change of +0.33% (+272.70 CLP). The gold market in Chile is seeing medium volatility. Prices change all day as traders make different bets.
To understand buying gold in Chile better, let’s look at gold prices for different amounts and purity. The gold price per gram in Chile is 83,307.88 CLP. Prices vary based on karats:
- 24-Karat: 83,307.88 CLP (+272.72)
- 23-Karat: 79,836.72 CLP (+261.36)
- 22-Karat: 76,365.56 CLP (+249.99)
- 21-Karat: 72,894.40 CLP (+238.63)
- 18-Karat: 62,480.91 CLP (+204.54)
- 14-Karat: 48,596.26 CLP (+159.09)
- 10-Karat: 34,711.62 CLP (+113.63)
- 9-Karat: 31,240.46 CLP (+102.27)
- 8-Karat: 27,769.29 CLP (+90.91)
- 6-Karat: 20,826.97 CLP (+68.18)
The gold market in Chile also changes with currency rates. The USD/CLP exchange rate is 978.22. The EUR/CLP rate is 1,026.68, and the GBP/CLP rate is 1,238.25.
| Quantity | Gold Price (CLP) | Price Change (CLP) |
|---|---|---|
| 5 grams | 416,539.40 | +1,363.50 |
| 10 grams | 833,078.81 | +2,727.00 |
| 20 grams | 1,666,157.62 | +5,454.00 |
| 50 grams | 4,165,394.04 | +13,635.00 |
| 100 grams | 8,330,788.08 | +27,270.00 |
| 1000 grams | 83,307,880.76 | +272,700.00 |
Knowing the gold market trends in Chile helps investors and buyers make smart choices when buying gold in Chile.
Price of Gold in Chile: Understanding Market Dynamics
The price of gold in Chile changes due to many things. These include the gold’s purity, the world’s economy, and how the currency moves. The latest numbers show the different gold prices in Chile for various karats.
Right now, 24-karat gold costs 83,287.02 Chilean Peso per gram. 22-karat gold is priced at 76,346.44 Chilean Peso per gram. And 21-karat gold is worth 72,876.14 Chilean Peso per gram. Even 18-karat gold, which is less pure, is valued at 62,465.27 Chilean Peso per gram.
These prices are affected by the gold’s value and other things like spread percentages and labor costs. If you want to invest in gold in Chile, you need to watch these changes closely.
Gold is seen as a safe choice when the economy is shaky. Its price often goes up when the world’s markets are unstable. This is true in Chile, where precious metal prices change with the economy.
| Date | Gold Price (Chilean Peso per ounce) |
|---|---|
| 2nd December 2024 | 2,554,499.87 |
| 1st December 2024 | 2,577,673.34 |
| 17th November 2024 | 2,510,918.79 |
| 3rd November 2024 | 2,629,173.74 |
| 24th November 2024 | 2,672,114.31 |
The gold price in Chile has changed a lot. It went from 2,510,918.79 Chilean Peso per ounce to 2,672,114.31 Chilean Peso per ounce. Knowing these changes is key for investing in gold in Chile and making smart choices.
Gold Investment Options in Chilean Markets
Chile has a stable economy and lots of natural resources. This makes it a great place for gold investments. You can diversify your portfolio or invest in Chile’s gold mining.
Different Gold Purity Standards
In Chile, you can invest in gold with different purities. These include 24K, 22K, 21K, 18K, and 14K. LivePriceofGold shows the prices for these purities. This helps you choose based on your goals and budget.
Trading Platforms and Exchanges
Chile offers gold in various forms like grams, ounces, and kilograms. You can find these on trading platforms and exchanges. These sites update gold prices in real-time. This helps you make quick investment choices.
Investment Strategies for Different Budgets
There are strategies for every budget in Chile’s gold market. Experts say to put 5-10% of your portfolio in commodities like gold. This spreads out your risk. LivePriceofGold.com gives updates in many currencies.
| Gold Purity | Current Price (CLP per gram) |
|---|---|
| 24K | 12,500 |
| 22K | 11,500 |
| 21K | 11,000 |
| 18K | 9,500 |
| 14K | 7,500 |
Knowing about Chile’s gold investment options helps you make smart choices. Whether you’re trading gold in Chile or looking at investment opportunities, you can find what fits your goals and risk level.
Factors Affecting Chilean Gold Rates
The rates of gold in Chile change due to many things. The main ones are how much gold is made and how much people want it. Big world events and local economic changes also play big roles.
How the Chilean peso does against other big currencies like the US dollar matters a lot. When the peso gets stronger or weaker, it changes Chilean gold rates and precious metal prices in Chile. How people feel about the market and how it moves also affects gold prices.
Global Influences on Chilean Gold Prices
- Macroeconomic trends, such as GDP growth, inflation, and interest rate changes in major economies
- Geopolitical events, including trade disputes, sanctions, and political instability
- Fluctuations in the US dollar, which is the dominant currency in global commodity markets
Domestic Factors Shaping Chilean Gold Rates
- Strength of the Chilean peso relative to other major currencies
- Domestic economic performance and investor confidence
- Regulatory changes and government policies affecting the mining and precious metals industry
| Exchange Rate | Value |
|---|---|
| Chilean Peso to Russian Ruble (CLP/RUB) | 0.0976 Rubles per Chilean Peso |
| Chilean Peso to US Dollar (CLP/USD) | 0.00126 Dollars per Chilean Peso |
| Chilean Peso to Euro (CLP/EUR) | 0.00115 Euros per Chilean Peso |
It’s important to know how these global and local factors work together. This helps us understand Chilean gold rates and precious metal prices in Chile better.
“The Chilean peso will likely fluctuate in the coming years, with expectations remaining moderately optimistic regarding currency stability.“
Experts think the Chilean peso will keep changing. But they are a bit hopeful about its stability in the future.
Conclusion
The Chilean gold market is always changing. Prices go up and down, and there are many ways to invest. The price of gold in Chile hit new highs in 2024. This is because of the world’s economy, inflation, and politics.
As an investor, you can choose from many gold investment options in Chile. You can buy physical gold or use online trading platforms. It’s important to know how the market works and what affects gold prices.
Whether you’re new or experienced, the Chilean gold market has its own ups and downs. By keeping up with news, spreading out your investments, and thinking about gold prices, you can do well. This way, you can make the most of gold investment in Chile.